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Cryptocurrency News Articles

Bitcoin Nears Oversold Zone: Potential Rebound or Further Decline?

Feb 28, 2025 at 11:06 pm

Bitcoin has recently shifted from its usual pattern, stirring interest and speculation in the market. With the bull run in full swing, investors are keenly watching Bitcoin's new price movements, wondering if a decrease is imminent.

Bitcoin Nears Oversold Zone: Potential Rebound or Further Decline?

Bitcoin has recently shifted from its usual pattern, stirring interest and speculation in the market. With the bull run in full swing, investors are eagerly anticipating what’s next. As the cryptocurrency giant threatens to decrease from its recent highs, attention is shifting towards other significant players like Ethereum and rising stars such as Codename:Pepe, a project promising innovation and intelligence in navigating the crypto sphere.

Many are eager to see if Ethereum will take a leading role in the market. On the other hand, Codename:Pepe intrigues with its AI-driven strategies and community-driven momentum, offering a unique project that could change the game in the ever-evolving crypto landscape.

Codename:Pepe Introduces The Ultimate Intel & Trading Ecosystem

Codename:Pepe is designed to do what most crypto traders dream of — it will scan X and Telegram, deciphers on-chain movements, and even tap into insider signals to identify the next viral meme coin before it takes off. From there, it will generate forecasts and exclusive reports, giving holders access to early trading signals that could make all the difference.

Fully Automated AI-Trader

Why stress over market movements when AI can do the work for you? Codename:Pepe will feature a fully automated AI-trader that executes meme coin trades based on signals. Whether you want hands-free auto-trading or custom strategies, the system would ensure passive income potential with algorithmic precision.

At the core of this ecosystem is $AGNT, the project’s utility token. Holding it will give users access to the platform’s core features:

*

Exclusive trading signals for early entry into the hottest meme coins.

* Powerful modules for advanced technical and fundamental analysis.

* A fully automated AI-trader for optimal trading potential.

* Access to the private community group on Telegram for strategy discussion and insights.

$AGNT is currently offered at a discounted price as part of an initial coin offering. The presale in its sixth presale stage, priced at just $0.006666. With the next stage, the price jumps to 0.008333, and the project aims for an ambitious $1 listing price.

The first six stages sold out in days, signaling strong demand and limited time to grab tokens at a low price.

Put Your $AGNT to Work and Watch it Grow

Built for Everyone, Secured for Trust

Operating on Ethereum Mainnet, $AGNT is beginner-friendly and accessible to all. Security isn’t an afterthought—Codename:Pepe has passed an audit by Pessimistic, a trusted smart contract security firm, ensuring a rug-free experience.

Codename:Pepe takes a new approach to asset management, aiming to bring real utility to AI-driven trading. With a structured presale, a growing community, and a roadmap focused on usability, it’s a project worth keeping an eye on. Right now, its native $AGNT tokens are available at a discounted price, offering an opportunity to get in early on what could become a leading player in the AI-crypto space.

Join the $AGNT DAO and Shape the Future of AI-powered Trading

Bitcoin Nears Oversold Zone: Potential Rebound or Further Decline?

Bitcoin is currently trading between $93,187 and $99,226. Over the past week, its price has dropped by 7.58%, and over the past month, it has decreased by 13.89%. However, Bitcoin has seen a strong growth of 48.79% over the past six months.

The Relative Strength Index (RSI) stands at 41.89, indicating that the market is approaching oversold conditions. This could suggest that a price rebound is possible in the near future.

The nearest support level is at $90,289. If the price falls to this level, it may find a strong base and could bounce back. On the other hand, the nearest resistance is at $102,367. Breaking through this level would require an increase of about 10% from the current upper price range. If Bitcoin manages to surpass this resistance, it could signal a continuation of the long-term upward trend.

Based on this data, there is potential for Bitcoin’s price to rise. The significant growth over the past six months and the approaching support level suggest that the recent downward trend might reverse. However, traders should watch the resistance and support levels closely to gauge the market’s next move.

Ethereum Faces Uncertain Future Amid Recent Price Declines

Ethereum (ETH) is currently trading between $2,667.20 and $2,915.59. Over the past week, its price has dropped by 7.69%, and over the past month, the decline is even steeper at 23.66%. In the last six months, the price

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